Demand for poultry keeping machinery is likely to remain moderate in future
Poultry keeping machinery such as feeding, drinking, housing and climate control systems have been an integral part of a poultry setup. However with emerging markets focusing on high egg output and quality meat, there is a shift in focus towards broiler harvesting and slaughtering and egg handling and management machinery, which is resulting in increasing sales of such equipment.
The varying global diet and food consumption patterns and burgeoning requirement for economic and protein rich meat products have been the strong factors demanding poultry products among other meats. With the large markets of Asia Pacific and North America catering to the majority of the global supply of poultry products such as meat and eggs, there has been a thriving demand for specialised equipment and machinery from the aforementioned regions.
The demand for poultry keeping machinery is anticipated to remain moderate during the forecast period, translating into an absolute incremental opportunity of approximately US$ 1,707.5 Mn over the forecast period. With poultry keeping machinery automation to act as a market differentiator and adoption of cage free system in relatively mature markets, the global poultry keeping machinery market is expected to witness a moderate growth during the forecast period.
The outbreak of bird diseases is hampering the growth of the global poultry keeping machinery market
Increase in consumption of poultry meat across geographies will require the establishment of new poultry facilities with modern amenities to ensure healthy growth of livestock. This in turn is expected to drive market growth. The increased demand for advanced products creates pressure on manufacturers to provide unique and technologically advanced product offerings. This has led to significant investment in research and development by equipment manufacturers. However, this market faces some restraints that are hampering the growth of the global poultry keeping machinery market.
Due to the recent outbreak of diseases such as swine flu, poultry producers are significantly investing in residue, waste management and vaccination machinery to prevent a future disease outbreak and to maintain a hygienic and safe environment. Stringent regulations and duties associated with the import of poultry products and poultry keeping machinery is also restraining the growth of some key markets. In addition, higher cost of machinery and requirement of larger setup area limit a specific consumer segment encompassing small size poultry farmers in markets such as North Africa and the rest of Latin America.
Sustainable demand for machinery from large scale poultry enterprises and meat processing companies across the globe
Asia Pacific dominated the global poultry keeping machinery consumption in 2015, with a share of 37.8% in terms of machine units. It is also expected to continue in this state over the forecast period. The poultry keeping machinery market in Asia Pacific is expected to be largely influenced and driven by poultry industries in China and India. Escalating demand for poultry keeping machinery from Malaysia, Indonesia and Thailand and other ASEAN economies are expected to create lucrative opportunities for manufacturers. Increasing adoption of automated systems such as egg collection, handling and management machinery and broiler harvesting and management systems are expected to drive the revenue sales of poultry keeping machinery in the Middle East and Africa region. Sustainable demand for machinery from large scale poultry enterprises and meat processing companies are driving the sales in Brazil and Mexico, and are expected to translate into collective incremental opportunity of US$ 139.4 Mn between the years 2016 and 2026.
The North America poultry keeping machinery market is expected to expand at a relatively higher value growth rate of 3.1% over the forecast period, accounting for a revenue market share of 27.2% of the global poultry keeping machinery market by 2026 end. The Western Europe poultry keeping machinery market is expected to exhibit a relatively slower growth owing to the maturing sales of new machinery, and hence the market is expected to remain stagnant throughout the forecast period.
Product innovation and expansion through collaboration and new dealership network is the trend among key players
Some of the market participants identified in the global poultry keeping machinery market are Jansen Poultry Equipment, Vencomatic Group, Valco Companies, Inc, Hartmann Lebensmitteltechnik Anlagenbau GmbH, HAMEX-GROUP, TEXHA PA LLC, Big Dutchman International GmbH and Petersime NV among other key participants in the market.
This Future Market Insights’ report on the global poultry keeping machinery market covers exhaustive analysis of the market on the basis of product type and region for the forecast period 2016–2026, in terms of market value (US$ Mn) and volume (000’ Units). Market dynamics, value chain analysis, competition landscape, pricing analysis and other qualitative analysis frameworks, including market attractiveness analysis, absolute $ opportunity analysis and Y-o-Y growth comparison by segments form an integral part of the report to support stakeholders for decision making and market analysis.
Global poultry keeping machinery market segmentation
To understand and assess opportunities in the global poultry keeping machinery market, we have divided the report into two sections based on market segmentations as under
The report provides detailed insights into the poultry keeping machinery market performance in terms of value. The report also includes Future Market Insights’ analysis on drivers and restraints influencing the market. Key trends in the market are also included in the report to provide clients with specific decision-making insights. The subsequent sections analyse poultry keeping machinery market on the basis of product type and region, and presents a forecast for the period 2016–2026.
In the final section of the report, we have included the global poultry keeping machinery market competitive landscape to provide a dashboard view of key poultry and farming equipment companies functioning in the global poultry keeping machinery market. The report also comprises strategic recommendations to capitalise on growth opportunities in the market and provides company profiles of some of the major players in the market. We hope this will enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.
To ascertain the global poultry keeping machinery market size, we have taken into account the revenue generated by various poultry keeping machinery manufacturers. The forecast presented here assesses the total revenue generated across the global poultry keeping machinery market and in order to provide an accurate forecast, we started our research sizing up the current market, which forms the basis on how the global poultry keeping machinery market is expected to develop in the near future.
In addition, we have conducted our forecasts not only in terms of CAGR, but also analysed the market based on key parameters such as year-over-year (Y-o-Y) growth rates to understand the predictability of the global poultry keeping machinery market and to identify the right opportunities across the market.
The global poultry keeping machinery market segment has been analysed in terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying various key trends in the global poultry keeping machinery market.
Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This has been overlooked while forecasting the market. However, absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the poultry keeping machinery market. The overall absolute dollar opportunity along with the segmental split is also mentioned in the report.
Through our detailed research on this report, we have observed that the ratio of using the cage-free system is negligible in the Asia Pacific, Middle East and Latin America regions. On the contrary, in North America and Europe the cage-free system is being largely adopted. Although the cage system can produce good quality meat enriched with protein; owing to a rising awareness of animal cruelty and influence of various animal welfare groups, North America and Europe are ahead in adopting the cage-free system. Although there is a huge demand for poultry keeping equipment from Asia which is the largest producer of poultry, there is not much inclination to adopt the cage free system in Asia.